He recently dined in New York with ESPN president John Skipper, who felt that Olbermann was "looking to see if there was an entry point to come back.” Skipper didn’t sound too upbeat about the process of hiring loose cannon Keith.

Olbermann claims he was fired by Murdoch in 2001 when he ran a critical story about the Los Angeles Dodgers, which was formerly part of News Corp., on Fox Sports News. Murdoch admitted to the Wall Street Journal in 2008 that he fired Olbermann because “he was crazy.”

There’s no question that Olbermann is a strong-willed personality who takes it to the edge. That edginess and attitude is what built the Fox News into a media juggernaut.

Fox News chief Roger Ailes, certainly no shrinking violet, had no bones about canning Sarah Palin for Dennis Kucinich, who was among the most liberal Democratic Congressman. He has given Fox star Bill O’Reilly a run for his money.

Fox Sports I is going to give a panel show called "RUSH HOUR" to Regis Philbin. Really? Is that a sign the FS1 is looking to be a hit among senior citizens? Olbermann has a younger and hipper following that isn't watching Fox News.

He could bring a new audience to FS1, if Murdoch will let it happen and Olbermann agrees to swallow some pride.